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20130103
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CNBC 3
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Search Results 0 to 49 of about 66 (some duplicates have been removed)
FOX News
Dec 29, 2012 3:00pm PST
than $250,000 a year should pay more. higher tax rate. john boehner floated a plan that would have kept low rates for those making up to a million dollars. two house members talked to us earlier today about where the tax issue is likely heading. >> the $400,000 level seems to me to be about right. that represents about the top 1% of income earners in the country. we need to save tax hikes on as many americans as we can. i kind of feel like i'm a life guard and we got to save as many people from crown not guilty higher taxes as we can. >> the challenge is finding the right figure to win some republican support in the senate and attract enough votes to pass the house. kelly. >> kelly: interesting comment right there, feeling like a life guard. many people are wondering if they're going to do that on capitol hill. thanks so much. going to be an interesting new year. watch fox sunday tomorrow. chris wallace talks with lindsey graham and nine fine stein. check your -- diane feinstein. >> heather: new york city police have a woman in custody who they believe killed a man by pushing him in fro
CBS
Jan 1, 2013 12:00pm EST
early this morning. house speaker john boehner has not endorsed that agreement but he has promised a vote or g.o.p. alternative right away. danielle nottingham has more. >> reporter: house speaker john boehner is promising a quick vote on the fiscal cliff bill passed early this morning in the senate or an amended alternative. baner has not endorse -- boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated a deal with senate republicans over the weekend. the agreement makes bush era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be itself model for how we do -- be the model for how we do things around here but i think we can say we've done some good for the country. >> families will make up today to the assurances their taxes won't go up $2200 each. >> reporter: president obama praised the senate agreement and urged the house to act without delay. capitol
PBS
Dec 27, 2012 5:30pm PST
blamed house speaker john boehner. just before christmas, boehner floated his so-called "plan b"-- letting taxes rise on millionaires. but faced with opposition in republican ranks, he pulled it, and sent the house home for the holiday. reid charged today politics explained why the speaker had not yet called the house back. >> john boehner seems to care more about keeping his speakership than keeping the nation on a firm financial footing. it's obvious what's going on. he's waiting until january 3 to get reelected to speaker before he gets serious about negotiations. >> warner: a boenhner spokesman shot back, "harry reid should talk less and legislate more." but late today, republican leaders put out word that the house will reconvene on sunday. yesterday, they challenged the senate to take the next step, by extending the bush-era tax cuts for all income groups. in a joint statement, they said, "the house will take... action on whatever the senate can pass, but the senate first must act. " president obama returned early from hawaii today, still pushing to extend tax cuts for the
CNN
Dec 28, 2012 1:00pm PST
that no republicans block the bill. house speaker john boehner agreed to bring the bill to a vote on the house floor. and leader nancy pelosi with the number of votes needed to pass. >> what folks are looking for and all of us agree on this is action. they want to see that we are focused on them, not focused on our politics here in washington. >> reporter: that was the last time this group met more than a month ago. with time running out to forge a scaled-down compromise, can they agree on even the most basic elements, extending some income tax cuts, preventing pay cuts to medicare providers, fixing the alternative minimum tax. among the options to gain votes, averting an estate tax hike toll woo republicans. there's still time but no room for error. if congress doesn't act -- >> the impact psychologically and financially on americans of another plunge in the negative territory for the economy would be extremely harmful. >> reporter: and candy, as i said, those leaders are still meeting with the president. we'll see if any of them come out and speak to us after that meeting breaks up as soon as we h
CBS
Dec 28, 2012 6:00pm EST
an obligation to do the best we can and that was made very clear. >> brown: house speaker john boehner aides said if the senate passes a bill the house will take it up and either accept or amend it and a short time ago president obama appeared in the white house briefing room with a statement. here is some of what he said. >> we had a constructive meeting today. senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate i expect a bill to go on the floor. and i've asked senator reid to do this put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people and that lays the groundwork
PBS
Dec 28, 2012 10:00pm PST
we can and that was made very clear. >> brown: house speaker john boehner aides said if the senate passes a bill the house will take it up and either accept or amend it and a short time ago president obama appeared in the white house briefing room with a statement. here is some of what he said. >> we had a construcve mei today. senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional
KRON
Dec 28, 2012 11:00pm PST
is not made soon between which mcconnell and house speaker, john boehner i will perch read to bring in agreement that will protect the middle-class. >> reporter: with a high- stakes meeting they seem poised to work towards a solution. >> we are going to work hard to see if we can get there in the next 24 hours. i am hopeful. >> i am going to do everything i can in my power. what ever we come up with is not going to be perfect. some people are not going to like it. >> reporter: senate majority leader reed says that there were hoping not to have to meet on saturday and house speaker, john boehner will not bring anything until it is passed by the senate. however, if nothing is done unemployment benefits will expire payroll deduction will not be continued. >> if there are disagreements they will sort through them. the notion that our elected leadership cannot do the same thing is mind-boggling. it needs to stop. >> catherine: banks racked up a record 10-point-seven- billion dollars in fines in 20-12. that includes what the banks paid to u-s and state authorities-- but it doesn't include
CSPAN
Dec 30, 2012 6:00am EST
, the speaker of united states house of representatives, the honorable john boehner. [applause] >> good morning, everyone. welcome, my colleagues, the leaders and the two chambers and my colleagues from the house and senate. certainly arnold and his family and friends. jack and barbara nicklaus, and fellow golfers here and around the world. arnie, i'm going to tell a couple of golf stories and we'll get around to giving you the gold medal. what makes this metal unique is that any american can win it. whether it be a general, an artist, and astronauts, or an athlete. you can start out selling paint and end up receiving congress's highest honor. not bad for an honest they's work. throughout his life, he's been a model of integrity, passion, and commitment. these are the attributes of a great golfer, and a great american. arne will tell you, it has never been about winning. he won the amateur championship back in 1964. that turning point, as he called it. there was something about the way he walked, attack the ball. asked about that, arnie said, everyone wants to win, but i did not want to lose. i
CNN
Dec 29, 2012 11:00am PST
mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea that senators need to get busy. so let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> so jessica, you were in the room for the president's remarks. on a scale of 1 to 10, let's measure the anger perhaps that
MSNBC
Dec 31, 2012 11:00pm PST
, many people are similarly upset. john boehner, this is a tough spot for john boehner. the house and a lot of people have said that his speakership could be threatened by this. so far, we see no sign of that. but, you know, he's in a position now where he is going to have to allow this -- probably going to have to allow this bill to hit the floor and the house and not going to get a majority of republican support. that is something that no speaker of the house of representatives, whether republican or democrat, does with any kind of frequency at all. it's considered almost a heresy. so, you know, everybody sort of recognizes the box that john boehner is in, but it's not going to really do him any good in terms of support among conservatives. there are some winners and losers here. but this fight is not over, maura. that's the bottom line. >> you mentioned vice president biden swooping in at the last minute like superman and being able to secure this deal and that's certainly the perception a lot of people had. we heard mitch mcconnell speaking on the floor and he said this should
CSPAN
Dec 27, 2012 1:00pm EST
, signed john amplete boehner. speaker of the house of representatives. the speaker pro tempore: the prayer will be offered by our chaplain, father conroy. chaplain conroy: god of all creation we give you thanks for giving us another day as this chair lies silent still we pray for hope as americans experience anxiety about their future. send a spirit of wisdom and good judgment upon the leaders of congress that they experience peace on earth among all good men and women. this is for your greater honor and glory, amen. the speaker pro tempore: the chair has examined the journal of the last day's proceedings and announces its approval thereof. pursuant to clause 1 rule 1, the journal is approved. mr. kucinich: join us as we pledge aliegesance to the flag. i pledge allegiance to the flag of the united states of america and to the republic for which it stands, one nation under god, indivisible with liberty and justice for all.. the speaker pro tempore: for what purpose does distinguished majority whip, the gentleman from maryland rise. mr. hoyer: ask to address the house. the speaker pro tempor
CSPAN
Jan 2, 2013 1:00pm EST
that the bill was being pulled. i don't enjoy saying this. i consider myself a personal friend of john boehner, and john boehner personally has been very helpful to me over the years. so it pains me to say this. the fact is dismissive attitude that was shown last night toward new york, new jersey, connecticut typifies i believe a strain in the republican party. i know this is not the place to discuss politics, but that politics seeps over into a governmental decision that was made. i can't imagine that type of indifference, that type of disregard, that cavalier attitude being shown to any other part of the country when people we are talking about real life and death situations here, just have the speaker walk off and not tell us. tell an aide to the majority leader who tells us that we tell the majority leader that the item that means life and death was taken off the calendar and is gone for this session? they say it's going to be brought back up in january. the fact is let's be real. we are not in session next week. the following week we are in session for two days. the following week is the
CNBC
Dec 28, 2012 4:00am EST
days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the first impact of the crisis of -- not of the crisis,
CNN
Dec 30, 2012 10:00am PST
and boehner doesn't entirely have a sense until he has a senate proposal to try to sell to his house side. >> i just want to remind our viewers, we will join fareed zakaria, "gps" in progress as we watch the senate floor and the senate in general. for any signs of progress. there used to be the hastert rule, a majority of the majority, most republicans, in this case they're at majority, must support a bill before denny hastert would put it on the house floor. i don't get a sense that's where speaker boehner is. >> you could imagine a scenario where the house could pass an agreement that's reached in the senate, with a minority of republicans and dozens of democrats make up the difference. that would essentially be john boehner falling on his sword, diving on the grenade and giving up his speakership. you know, democrats might say this would be a great act of self-sacrifice, not the kind of thing you see in washington. there isn't any indication it's going to happen. it's worth reminding people, if we go over the cliff the world doesn't end. it gets worse the more time passes into january
CSPAN
Dec 28, 2012 1:00am EST
at a time. it is john boehner. i am proud to work with him. >> is one particularly effective? >> one of the most important pieces of that is speakers who are willing to reach out to members and seek your advice and counsel and input, those speakers have a way of having a lasting impact upon the place. i have spent a number of years in the building. if sam raburn is not a reflection of that, i don't know who is. >> how about presidents under which you have served? >> ronald reagan. i had the honor of serving with him and he signed air quality district act for southern california. the first preschool program in the country was signed by ronald reagan. people hardly believed that but he was willing to use government in a way that was responsive to real challenged that government should be dealing with. i was proud that we had a chance to work together in connection with some of that. >> if you look across, it's a lot of history, 34 years altogether, is there a time when you look back and say those are the best years. those are the ones i enjoyed the most. >> every year that goes by it a
CNN
Dec 29, 2012 7:00am PST
connell, they really are the focus in the senate. in the house, it's speaker john boehner. i've got to ask you, is his job on the line if republicans balk at any deal that's reached? >> no, not at all. speaker boehner is extremely strong. his conferences support him and knows that he's been in a tough position trying to negotiate the fiscal deal with the president. he's been doing this for weeks, month, working on this deal. and you know, they gave it a shot. they tried their best. the house, you know, house republicans wouldn't go for it. and said, you know, it's up to the senate. and once -- if the senate passes something, the house now will consider it. so i -- i do think that the speaker is in a very strong position. and besides, this is a very difficult job. i don't see many republicans standing up and wanting to take speaker boehner on. not many other people could do the job like speaker boehner is. >> i agree. i see you saying that. think about it, he didn't look good when plan b couldn't go to a vote. how can he be strong in this position? >> i think house republican see the position he's in.
CBS
Dec 31, 2012 6:00pm EST
cuts. they're all very aware of that. can john boehner muster the votes on the house side to get this passed. republicans do not like this on the house side there are no spending cuts so many of them say they will vote against it, maybe the question then becomes can john boehner muster 40 or 45 republican votes and then use the 185 or 190 votes that nancy pelosi would deliver potentially for a deal like 24 with no spending cuts to pass it there tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd you're saying as we sit here this evening, we're hearing there may be a senate vote tonight the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in your piece there, judy, with the tax rates at 450 for families dividends would go up, the estate tax part of it. what is important is the one year extension on unemployment benefits. there are 2 million people set to lose their benefits, so that is all in
PBS
Dec 31, 2012 5:30pm PST
. can john boehner muster the votes on the house side to get this passed. republicans do not like this on the house side there are no spending cuts, so many of them say they will vote against it, maybe the question then becomes can john boehner muster 40 or 45 republican votes and then use the 185 or 190 votes that nancy pelosi would deliver, potentially for a deal like 24 with no spending cuts to pass it there, tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd, you're saying as we sit here this evening, we're hearing there may be a senate vote tonight, the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential de woul look lie. >> i think the outlines are known on the tax side. and it was described accurately in your piece there, judy, with the tax rates at 450 for families, dividends would go up, the estate tax part of it. what is important is the one year extension on unemployment benefits. there are 2 million people set to lose their benefits, so that is all in there. everybody must keep in mind
CSPAN
Dec 28, 2012 2:00pm EST
. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on sound financial footing. it's obvious what's going on around here. he is waiting until january 3 to get reelected as speaker before we get serious with the negotiations, because he has so many people over there that will not follow what he wants. that's obvious from the debacle that took place last week's. host: referring to the vote yesterday on speaker boehner's plan b. guest: they might feel they have better numbers in the house than they do now later. he would be able may be to push a plan through without as much republican support. i doubt it. it would be really risky move and then we are in early january without a deal still. host: that's what you wrote in the washington journal this morning -- the wall street journal. republicans participating in a conference call yesterday said -- guest: that's right. the republicans feel like if they wait this out, they might have a clean slate on the taxes to work with. it would not be accused of increasing taxes if taxes have already gon
KBCW
Dec 29, 2012 10:00pm PST
and then to the house. john boehner had no comment. both sides remain at odds over the democrats' instance that the wealthy pay more in taxes. >> chris: it would only fund the government for 8 days. what does the president propose we do for the other 357 days? >> reporter: president obama insists his plan on the tablt is fair and it include -- table is fair and includes plenty. cuts to spending. >> we can't afford a politically self-conflicted wound to our economy. >> reporter: if the negotiations don't pan out, the president is ready to propose his own scaled back bill that would block tax increases for all but the wealthy and preserve expiring unemployment benefits. with the deficit ticking higher, patience is wearing thin. >> for those of us that invest in the stock market, it's disgusting to watch them jockey around with our money. we're affected every day. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 million in mandatory spending cuts scheduled to go into effect tuesday. >>> if the government does go over the cliff, the impact on the aviation industry c
LINKTV
Dec 28, 2012 5:30am PST
. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level of income, which is an absolute prerequisite for president obama. if they do not come to some kind of agreement, but that tax to be voted on -- and there is doubt that it is logistically possible before new year's day -- then the most immediate impact would be the loss all unemployment relief checks for 2 million americans as well as payroll tax holiday that will come to
PBS
Dec 28, 2012 4:00pm PST
-minute deal towards the so called -- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today, trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousne
LINKTV
Dec 28, 2012 8:00am PST
boehner of holding up a deal. >> the american people i don't think understand the house representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> adding to the urgency surrounding the talks, treasury secretary timothy geithner warned this week the u.s. will not be able to pay its creditors after monday unless the debt ceiling is raised. we will have more on the fiscal cliff talks, speaking with congressmember dennis kucinich after the headlines. environmental protection agency head lisa jackson has announced a resignation ahead of president obama's second term. jackson departs after a four- year tenure that saw advances in the regulation of environmentally harpo practices such as mountaintop removal and the emissions of harmful chemicals from industrial plants. it was marred by a number of key disappointments on environmental issues. president obama rejected jackson's proposal for tougher regulations on smog pollution last year, even tho
CNBC
Jan 2, 2013 4:00am EST
cuts, hoping us avoid the fiscal cliff. the vote was 257-26. house speaker john boehner -- 257-267. house speaker john boehner voted. the bill raises tax rates for families making more than $450,000 a year and lets the payroll tax cut expire but delays military spending cuts by two months. speaking after the vote, president obama thanked congress for approving the deal. >> the sum total of all the budget agreements we've reached so far proves that there is a path forward. that it is possible. if we focus not on our politics but what's -- but on what's right for the country. the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> the bill sets up the next fight in around two months when the spending cuts are set to take effect and america hits the debt ceiling. treasury secretary geithner's taken steps to delay the date by halting investment in two government worker pension funds. the president is vowing to
CBS
Dec 29, 2012 5:00am PST
. >> sidelined for now. house speaker john boehner. as they left they sounded like they were closing in on a compromise. >> think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. >> we'll be working hard to try to see if we can get there in the next 24 hours, and so i'm hopeful and optimistic. >> the president said the american public is getting frustrated and losing patience with these last-minute negotiations. he says the least congress can do is protect most american tax pairs from rising tax rates due to take effect in the next couple of days. the least, it appears, rebecca, appears to be the most they can do. >> thank you. we'll check back later in the program. for more on how we got into this situation and what happens if nothing happens. michael santoly, it's great to have both of you with us. where does this stand right now? >> right now they're negotiating and things are being worked out behind closed doors by the top leaders in the house and senate and the white house, but particu
NBC
Dec 31, 2012 7:00am EST
on the "meet the press" and called out mcconnell and boehner on tax hikes. >> i think it's been very hard for speaker boehner and mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall package. >> reporter: the sticking point for them is that they say the democrats want to use the revenue that would come from new taxes to use that to cover the cost to prevent some of the spending cuts that are part of this so-called fiscal cliff. republicans want to see more deficit reduction. democrats say that could come later, but this would be a smaller plan. there are really some serious differences and not a lot of time left. congress has created its own deadline to this so-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal!
CNBC
Dec 26, 2012 5:00am EST
back from hawaii. speaker john boehner has not even committed to bringing the house back into session. the senate will come back on thursday. and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a deal does come through, it -- more likely will not be comprehensive, right? there's going to be a lot of negotiating that occurs after the first of the year. i guess my question to you is, does this leave the markets open to turmoil and more volatility as we head into january? >> the markets are going to be left open to turmoil and volatility, period. what we've seen is that despite the stakes getting higher, this isn't a game of poker but one of go fish. and no o
CNN
Dec 29, 2012 2:00pm PST
with the dow tumbling 158 points. this slide began last week when speaker boehner was unable to bring his plan b. to a vote. that would have avoided the fiscal cliff. but he wasn't able to bring that to a vote. that made investors lose confidence, and since then, nothing really concrete has happened with the fiscal cliff to convince investors that a deal can get done. so at this point, the market doesn't really want a band-aid or so-called framework deal. in fact, one trader told me that it would almost be better if we went over the cliff, because that would give the markets some certainty. they would at least know what to expect. that is, of course, instead of a band-aid measure, because the worry there is that it would just kick the can down the road. now, this is usually the time of year when we see what's known as a santa claus rally, when investors push up stocks an average of 1.5% in the last few days of the year. and that kind of rally has come to wall street over the past four years. the santa claus rally still has some time to make it, though, with the market wrapping up 2012 on monda
CSPAN
Dec 26, 2012 7:00am EST
not see the republican -- john boehner is working with the president to do anything. they do not do anything. they have -- they do not work with the president. i am wondering, why does he not work for the american people that they elected to do the american people business, not their business. host: thank you for calling. a live picture of the u.s. capitol. 7:23 in washington. some heavy rain and perhaps some snow. a. when terry mix are expecting in town. we mention that because the president is heading back into town. the senate and white house -- the senate and house are due back tomorrow. this is an politico. there is another piece of this morning that says the house member elect is also interested in the peak in the seat -- adapter the seat. springfield, va., lewis, an independent. caller: good morning. you could consider me a little bit pessimistic. i am actually looking at it as realistically as possible. i have a degree in macroeconomics. i believe that they all should be -- we should institute term limits on all of them. maybe a six-year term limit. they're all thinking of r
CBS
Dec 29, 2012 5:30pm PST
: house majority leader john boehner and senate minority leader mitch mcconnell were at the capital today hoping to beat the deadline to the looming "fiscal cliff." behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases come january 1. the bill won't address the trillions in deficit reduction, sweeping reforms and federal spending, the u.s. tax code, or stop across-the-board spending cuts. in both parties' weekly addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay a little more. >> the president's tax hike would only fund the government for eight days. americans deserve to know what is the president proposing we do for the other 357 days of the year. >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled- back bill then send it to the house. as many americans brace for the worst, patience
CBS
Jan 1, 2013 4:00am PST
boehner has not yet publicly endorsed the deal. and even though congress did not meet the midnight deadline, tax cuts will be retroactive if the bill is eventually signed into law. terrell? >> tara mergener in washington, thank you so much. the bill also extends unemployment benefits for 2 million people. it prevents a 27% cut in fees for doctors who treat medicare patients. but many americans will see a tax hike because the bill does not affect a scheduled 2% increase in the payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very -- causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's the president o
KRON
Dec 28, 2012 8:00pm PST
speaker john boehner does not want to bring anything until it is passed by the house. >> these everyday workers are going to be paying the price for all of not being able to get anything done. >> catherine: after a break in the rain.yet another round is this is a live look at conditions in san on van ness avenue. i'm in the weather center with jacqueline - who has been tracking this latest >> jacqueline: it has been a bit deceiving. but we are finally seeing rain hit the coast. half moon bay in the last one hour and a san francisco probably seen some sprinkles right now as well. let us to track some of these rainfall totals. not all of this is hitting the ground. there are pockets of yellow is indicating the rainfall in excess of 1 tenths per hour. we could it just see light sprinkles. as we go towards half moon bay. the rainfall totals and of and down the coast as this system continues to process along the coast. light rain towards richmond, berkeley. but one hour before things get saturated. as i mentioned a quick look outside. the satellite & radar pressing to the south and moving th
CBS
Dec 29, 2012 6:30pm EST
speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also negotiating an extension of unemployment benefits for some 2 million jobless americans, without a deal those checks will stop next week for this mother of five who has been searching for work since february. >> if congress does not extend the unemployment benefits, then i would be without a home and i really don't know what else we would do. >> reporter: the deal under discussion in the senate right now doesn't even include the bi
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